Activity 1- ACCHT 221 - RECORDING TRANSACTIONS ; POSTING TO LEDGER AND PREPARATION OF TRIAL BALANCI Remy opened her Tours4Fun business. During the first month, January, she completed the following transactions: Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth P 65,000. a. Paid rent for the month, P20,000. Bought additional office equipment from Kapamilya Store on credit, P25,000. Bought shop supplies for cash P8,000. Received P20,000 from Sally for passporting services rendered. Purchased another office equipment for cash for P18,000. Completed work for Novy on credit, at P38,000. Paid telephone and internet services worth P5,200. Pald Kapamilya store in full. Received cash from customers for services rendered worth P24,000. b. C. d. е. f. g. h. i. j. Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun. Paid the salary of the office staff, P15,000. Bought another shop furniture worth P10,000 on credit. k. I. m. Miscellaneous expenses paid during the month were paid worth P27,000. n. Using the following Account Titles, answer the questions found in the attached google forms. ACCOUNT TITLES: Cash Accounts receivable Shop supplies Office equipment Shop furniture Accounts payable Remy, capital Service revenue Rent expense Telephone and wifi expense Salary expense Miscellaneous expense Your answer
Activity 1- ACCHT 221 - RECORDING TRANSACTIONS ; POSTING TO LEDGER AND PREPARATION OF TRIAL BALANCI Remy opened her Tours4Fun business. During the first month, January, she completed the following transactions: Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth P 65,000. a. Paid rent for the month, P20,000. Bought additional office equipment from Kapamilya Store on credit, P25,000. Bought shop supplies for cash P8,000. Received P20,000 from Sally for passporting services rendered. Purchased another office equipment for cash for P18,000. Completed work for Novy on credit, at P38,000. Paid telephone and internet services worth P5,200. Pald Kapamilya store in full. Received cash from customers for services rendered worth P24,000. b. C. d. е. f. g. h. i. j. Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun. Paid the salary of the office staff, P15,000. Bought another shop furniture worth P10,000 on credit. k. I. m. Miscellaneous expenses paid during the month were paid worth P27,000. n. Using the following Account Titles, answer the questions found in the attached google forms. ACCOUNT TITLES: Cash Accounts receivable Shop supplies Office equipment Shop furniture Accounts payable Remy, capital Service revenue Rent expense Telephone and wifi expense Salary expense Miscellaneous expense Your answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Activity 1- ACCHT 221 - RECORDING TRANSACTIONS ; POSTING TO LEDGER AND PREPARATION OF TRIAL BALANCI
Remy opened her Tours4Fun business. During the first month, January, she completed the following transactions:
Began business by investing cash of P300,000 a office equipment valued at P40,000, shop furniture worth
P 65,000.
a.
Paid rent for the month, P20,000.
Bought additional office equipment from Kapamilya Store on credit, P25,000.
Bought shop supplies for cash P8,000.
Received P20,000 from Sally for passporting services rendered.
Purchased another office equipment for cash for P18,000.
Completed work for Novy on credit, at P38,000.
Paid telephone and internet services worth P5,200.
Pald Kapamilya store in full.
Recelved cash from customers for services rendered worth P24,000.
Received P18,000 from Novy as partial payment of the amount she owes the Tours4Fun.
Paid the salary of the office staff, P15,000.
Bought another shop furniture worth P10,000 on credit.
b.
C.
d.
e.
f.
g.
h.
i.
j.
k.
I.
m.
Miscellaneous expenses paid during the month were paid worth P27,000.
n.
Using the following Account Titles, answer the questions found in the attached google forms.
ACCOUNT TITLES:
Cash
Accounts receivable
Shop supplies
Office equipment
Shop furniture
Accounts payable
Remy, capital
Service revenue
Rent expense
Telephone and wifi expense
Salary expense
Miscellaneous expense
Your answer
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